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Class I And Class 2 Advances: Supplementary Provisions

Volume 98: debated on Wednesday 4 June 1986

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Amendments made: No. 50, in page 17, line 35, leave out '(2)' and insert '(3)'.

No. 51, in page 17, line 36, at end insert

, under section 31 of the Tenants' Rights, Etc. (Scotland) Act 1980 or under Article 156 of the Housing (Northern Ireland) Order 1981'.

No. 52, in page 17, line 38, at end insert—

(5A) The Commission, by order in a statutory instrument, may, as respects advances to be secured on land which is to any extent to be used for the residential use of borrowers or persons who are dependants of theirs for the purposes of section 11(2)—
  • (a)require so much of the amount to be advanced as is determined by or under the order to be treated as a class 1 advance;
  • (b)specify the circumstances in which and the conditions subject to which advances are to be so treated; and
  • (c)make such incidental, supplementary and transitional provision as the Commission considers necessary or expedient.
  • No. 53, in page 18, line 24, at beginning insert 'basic'. — [Mr. Ian Stewart.]